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Trading Ranging Markets Using Candlestick Patterns
Trading in a ranging market can be challenging, but when done correctly, it presents excellent opportunities for traders. Unlike trending markets, where prices move in a clear direction, a ranging market moves sideways, fluctuating between support and resistance levels.
Company Analysis on MJL Bangladesh PLC
MJL Bangladesh PLC (MJLBD), a joint venture between EC Securities Ltd. and Jamuna Oil Company Ltd., stands as a market leader in Bangladesh’s fuel, lubricant, and LPG sectors. As the exclusive local partner of ExxonMobil, the company operates a state-of-the-art lube oil blending plant and maintains a strong portfolio through its subsidiaries: Omera Petroleum Ltd. (62.49% of share holds by MJL Bangladesh), Omera Cylinders Ltd.(99.98% share holds by MJL Bangladesh), and Omera Gas One (OPL holds 50% share of Omera Gas One LTD).
How to Use Fibonacci Retracements to Improve Trade Entries
Fibonacci retracement is an essential tool in technical analysis, often used by traders to identify potential entry and exit points in financial markets. By exploring its fundamental concepts, essential drawing techniques, and psychological underpinnings, traders can gain a deeper understanding of market dynamics.
Triangle Patterns in Trading​
riangle patterns are some of the most widely used technical analysis tools in trading. They help traders identify potential breakout points, trend continuation, and possible reversals in the market. These patterns are formed by drawing trendlines along converging price movements and are classified into three main types: Ascending Triangle, Descending